$10$ Assignment $-$ Optional

Question $4$ of $8$

$\frac{0\mathrm{.}5}{1}$

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On October $1,2024,$ Crane Corporation issued $$730,000$ of $10-$year. $7\%$ bonds at $100.$ Interest is payable semi$-$annually on October $1$ and April $1.$ Crane's year end is December $31$ and the company records adjusting entries annually.

$($a$)$

Y$.$ Your answer is correct,

Prepare journal entrjes to record the following: $($Credit account titles are qutomfatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

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Question $4$ of $8$

$\frac{0\mathrm{.}5}{1}$

$6C$ Mostly cloudy

$($b$)$

Identify what amounts, if any, Crane would report as a current liability and non$-$current liability with respect to the bond and bond interest accounts on December $31,2024.$